Wabererʼs CEO resigns


Listed Hungarian hauler Wabererʼs on Monday announced the resignation of its CEO, Robert Ziegler, according to a report by state news wire MTI.

Ziegler, who has led a turnaround at the company since early 2019, is also resigning from Wabererʼs board.

CFO Barna Erdélyi has been appointed interim CEO.

Erdélyi has "a long management history with the company and valuable expertise in navigating through challenging times", said chairman Gerard van Kesteren.

In a separate disclosure published early Tuesday, Wabererʼs announced that it had decided to park a "significant portion" of its international fleet to cut costs. The company also said it is "rationalizing its workforce to match the decline in demand" by introducing a hiring freeze, renegotiating wages and putting staff on unpaid leave. Wabererʼs noted that labor unions in the company were involved in designing the measures.

"I am confident that the measures introduced today strike a careful balance between the necessary improvement of our financials and to maintain service level to our clients, and ensures the sustainability of the operations in the current challenging times," Erdélyi said.


COVID changes workplace preferences of office workers Analysis

COVID changes workplace preferences of office workers

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest hosting 2024 Chess Olympiad City

Budapest hosting 2024 Chess Olympiad


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.